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Nomura faces fine for Japan government bond market manipulation
NOMURA Holdings faces a 21.8 million yen (S$194,514) fine for allegedly manipulating the Japanese government bond futures market, a setback for the nation’s biggest brokerage during a revival of...
Baht rises to strongest since March 2022 amid exporters worries
The baht gained to its strongest level in 30 months as China’s stimulus boosted risk assets globally, adding pressure on the Bank of Thailand to act to curb its...
AI model is better at pricing currencies than humans: ING
ING Groep is starting to use artificial intelligence to price currencies, replacing a job traditionally performed manually by the bank’s traders.
The Dutch lender’s new AI model employs “reinforcement learning”...
Chinese EV maker Nio slams ‘unreasonable’ US, EU tariffs
NIO founder William Li hit out at the European Union and the US, saying that their moves to level tariffs on electric cars are unreasonable and urged them to...
Saudi Aramco sets price guidance for dollar sukuk bonds, term sheet shows
SAUDI Aramco has set the initial price guidance for 5- and 10-year dollar sukuk bonds, according to a term sheet reviewed by Reuters on Wednesday.The mainly state-owned oil company...
Gold stays near record high on Middle East risks, softer US dollar
GOLD prices were steady near record highs on Wednesday (Sep 25), as a weaker US dollar and an escalated conflict in the Middle East lifted bullion’s safe-haven appeal, while...
21 Singapore companies on inaugural list of Asean’s 30 top tech start-ups
SINGAPORE-BASED companies have made a strong showing in an inaugural list of Asean’s 30 top tech start-ups, accounting for 21 of them. The NextGen Tech 30 list, released on...
ADB says AI investments to drive developing Asia growth
SURGING global investments in artificial intelligence and easing inflation give developing Asia a launch pad for sustained economic growth in 2024 and 2025, the Asian Development Bank said Wednesday.With...
Microsoft to spend US$1.3 billion in Mexico on cloud, AI tech
TECH giant Microsoft will invest US$1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence (AI), the company announced...
RBC bankers fear layoffs as pledge to keep HSBC staff nears end: sources
SOME Royal Bank of Canada (RBC) employees who joined when the bank acquired HSBC Canada worry they could lose their jobs when RBC’s six-month guarantee to keep them expires...
